May 2025 Real Estate Market Update – White Rock / South Surrey & Fraser Valley

May 2025 Real Estate Market Update – White Rock / South Surrey & Fraser Valley

On the heels of a relatively quiet April, the Fraser Valley housing market experienced a modest but notable increase in activity throughout May. Buyer confidence appears to be slowly returning, yet high inventory levels continue to shape a buyer-friendly environment.

Fraser Valley Overview:

• Sales Volume: 1,183 homes sold on the MLS® in May, up 13% from April, but still 22% lower than May 2024.

• Active Listings: Up 6% from April to 10,626 properties — a 34% year-over-year increase and 54% above the 10-year average.

• New Listings: 4,007 new listings in May (up 7% from April).

• Sales-to-Active Ratio: 11% — still a buyer's market (balanced market = 12% to 20%).

• Days on Market:

  • Detached: 34 days

  • Townhomes: 27 days

  • Condos: 33 days

"Homes priced appropriately for today’s market are selling, while sellers who aren't in a rush are waiting for more favourable conditions." — Tore Jacobsen, FVREB Chair

Benchmark Prices Across Fraser Valley:

• Detached Homes: $1,481,900 ↓ 1.6% from April | ↓ 3.2% YoY

• Townhomes: $832,800 ↓ 0.03% from April | ↓ 2.5% YoY

• Apartments: $532,700 ↓ 0.9% from April | ↓ 3.1% YoY

White Rock / South Surrey Focus:

Detached Homes

• Sales: 52 (same as April, down 32.5% YoY)

• New Listings: 230 (down 1.3% from April)

• Active Listings: 657 (up 7% from April)

• Benchmark Price: $1,889,900 ↓ 1.1% from April | ↓ 2.9% YoY

Townhomes

• Sales: 54 (up 28.6% from April)

• New Listings: 148 (up 6.5% from April)

• Active Listings: 295 (up 1.7% from April)

• Benchmark Price: $956,000 ↑ 0.2% from April | ↓ 2.2% YoY

Apartments

• Sales: 63 (down 12.5% from April)

• New Listings: 167 (down 2.9% from April)

• Active Listings: 422 (slightly down 0.9% from April)

• Benchmark Price: $606,900 ↓ 2.0% from April | ↓ 5.8% YoY

What This Means for Buyers & Sellers

Buyers currently have the upper hand with greater selection, less urgency, and price flexibility. For sellers, pricing strategically is key. Overpricing can lead to increased time on market or lack of offers.

Final Thoughts

While interest in the market is stirring, many buyers remain cautious due to economic uncertainties like inflation and cost of living. However, with steady inventory growth and more realistic pricing, the stage is set for increased activity in the months to come.

If you're thinking about buying or selling in White Rock, South Surrey, or across the Fraser Valley, I'm here to help you navigate the market with confidence.

Omeed Ghafori
Realtor | Century 21 Coastal Realty
📞 778-316-7506
🏠 www.OmeedGhafori.com